Reaffirmed: Red Robin Gourmet (NASDAQ:RRGB) Hold Rating Reiterated at Jefferies; $61.0 Target in Place

September 17, 2017 - By Michael Collier

 Reaffirmed: Red Robin Gourmet (NASDAQ:RRGB) Hold Rating Reiterated at Jefferies; $61.0 Target in Place

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.24, from 0.86 in 2016Q3. It improved, as 17 investors sold Red Robin Gourmet Burgers, Inc. shares while 52 reduced holdings. 36 funds opened positions while 40 raised stakes. 13.45 million shares or 1.73% more from 13.22 million shares in 2016Q3 were reported.

Victory Mgmt owns 1,541 shares for 0% of their portfolio. South Dakota Invest Council stated it has 0.02% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Citigroup Inc reported 54,850 shares. Kcg has invested 0.01% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Tower Rech (Trc) has 113 shares for 0% of their portfolio. Comml Bank Of Montreal Can holds 450 shares or 0% of its portfolio. Citadel Advsrs Ltd owns 302,002 shares. Mutual Of America Cap Llc holds 87,277 shares or 0.09% of its portfolio. Pnc Fincl Serv Group Incorporated owns 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 795 shares. Financial Bank Of New York Mellon holds 177,913 shares or 0% of its portfolio. Clearbridge Ltd Liability, a Maryland-based fund reported 170,883 shares. Paloma Prtn Mgmt reported 7,752 shares. Thrivent For Lutherans holds 0% or 6,930 shares in its portfolio. Moreover, Dimensional Fund Ltd Partnership has 0.02% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Moreover, Bessemer Grp has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).

Since May 26, 2017, it had 0 insider buys, and 3 insider sales for $846,747 activity. Aiken Robert Blaine Jr also sold $211,523 worth of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) shares. On Wednesday, May 31 Howell Richard J sold $346,224 worth of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) or 4,800 shares.

Red Robin Gourmet (NASDAQ:RRGB) Rating Reaffirmed

In a note issued to investors and clients this morning, Jefferies reconfirmed their Hold rating on Red Robin Gourmet (NASDAQ:RRGB) shares. The PT would indicate a possible downside of -3.33 % from firm’s last stock close price.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.24, from 0.86 in 2016Q3. It improved, as 17 investors sold Red Robin Gourmet Burgers, Inc. shares while 52 reduced holdings. 36 funds opened positions while 40 raised stakes. 13.45 million shares or 1.73% more from 13.22 million shares in 2016Q3 were reported.

Victory Mgmt owns 1,541 shares for 0% of their portfolio. South Dakota Invest Council stated it has 0.02% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Citigroup Inc reported 54,850 shares. Kcg has invested 0.01% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Tower Rech (Trc) has 113 shares for 0% of their portfolio. Comml Bank Of Montreal Can holds 450 shares or 0% of its portfolio. Citadel Advsrs Ltd owns 302,002 shares. Mutual Of America Cap Llc holds 87,277 shares or 0.09% of its portfolio. Pnc Fincl Serv Group Incorporated owns 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 795 shares. Financial Bank Of New York Mellon holds 177,913 shares or 0% of its portfolio. Clearbridge Ltd Liability, a Maryland-based fund reported 170,883 shares. Paloma Prtn Mgmt reported 7,752 shares. Thrivent For Lutherans holds 0% or 6,930 shares in its portfolio. Moreover, Dimensional Fund Ltd Partnership has 0.02% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Moreover, Bessemer Grp has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).

Since May 26, 2017, it had 0 insider buys, and 3 insider sales for $846,747 activity. Aiken Robert Blaine Jr also sold $211,523 worth of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) shares. On Wednesday, May 31 Howell Richard J sold $346,224 worth of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) or 4,800 shares.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Ratings Coverage

Among 8 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Red Robin Gourmet Burgers has $103 highest and $55 lowest target. $72.83’s average target is 15.42% above currents $63.1 stock price. Red Robin Gourmet Burgers had 29 analyst reports since August 27, 2015 according to SRatingsIntel. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Hold” rating given on Monday, September 11 by Jefferies. The firm has “Buy” rating given on Friday, June 17 by Maxim Group. On Friday, September 11 the stock rating was initiated by Maxim Group with “Buy”. Raymond James maintained the stock with “Strong Buy” rating in Wednesday, August 9 report. On Friday, February 12 the stock rating was maintained by Maxim Group with “Buy”. Maxim Group maintained it with “Buy” rating and $70 target in Thursday, January 12 report. The rating was upgraded by Bank of America to “Neutral” on Wednesday, December 14. The firm earned “Buy” rating on Wednesday, May 17 by Bank of America. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) earned “Buy” rating by Maxim Group on Tuesday, October 25. The company was maintained on Friday, October 21 by Stephens.

The stock increased 4.47% or $2.7 on September 15, reaching $63.1. About 452,659 shares traded or 35.97% up from the average. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has risen 52.55% since September 17, 2016 and is uptrending. It has outperformed by 35.85% the S&P500.

Investors wait Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.29 earnings per share, down $0.09 or 23.68 % from last year’s $0.38 same quarter earnings. This translates into $3.75M profit for RRGB giving the stock a 54.40 P/E. This is assuming the current $0.29 EPS is accurate. Red Robin Gourmet Burgers, Inc.’s Wall Street analysts see -52.46 % negative EPS growth, taking into account the $0.61 EPS reproted in the previous quarter,

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The company has market cap of $815.74 million. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings. It has a 97.11 P/E ratio. The Firm also offers burgers made from chicken breasts, fish fillets, turkey patties, as well as vegetarian and vegan options.

More notable recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Seekingalpha.com which released: “Keep Selling Red Robin Gourmet Burgers” on May 08, 2017, also Seekingalpha.com with their article: “BTIG positive on Red Robin Gourmet Burgers” published on August 09, 2017, Seekingalpha.com published: “Red Robin Gourmet Burgers (RRGB) Q4 2016 Results – Earnings Call Transcript” on February 22, 2017. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) were released by: Fool.com and their article: “Why Red Robin Gourmet Burgers, Inc. Stock Jumped 28% in March” published on April 11, 2017 as well as Fool.com‘s news article titled: “Why Red Robin Gourmet Burgers, Inc. Fell 11% in September” with publication date: October 09, 2016.

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